Personal income rose 0.3% or $43.9 billion in January following an unrevised flat reading in December, the Commerce Department reported Monday.
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The January personal income figure was slightly stronger than the median 0.2% increase projected by economists polled by Thomson Reuters.
January personal spending increased $48.1 billion or 0.4%, after rising a revised 0.1% the previous month. December's spending figure was originally reported as a 0.4% increase.
Disposable personal income rose $45.2 billion, or 0.4% in January, following a 0.1% decrease in December. Real disposable income, which is adjusted to remove price changes, rose 0.3% after decreasing 0.2% the previous month.
